Introducing Coinbase Wrapped Staked ETH
Coinbase Wrapped Staked ETH, abbreviated as "cbETH," serves as a utility token emblematic of Ethereum 2 (ETH2) holdings staked via Coinbase. Through Coinbase, users have the opportunity to convert their securely staked ETH into cbETH, facilitating its tradability, on-chain mobility, and utilization within DeFi platforms and other decentralized applications (dapps).
Renowned as a liquid staking token, cbETH offers holders the advantage of staking benefits without the constraints of lockups or unbonding periods, thereby enhancing accessibility and flexibility in the staking ecosystem.
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